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Irish spot wheat traded at €203-205/t and barley at €192-194/t on March 11, with new crop wheat at €185 and barley at €175. Feed demand picked up as cattle were rehoused, while US wheat futures have fallen up to 20% in five weeks amid lagging export demand.
Heavy fund net short positions and ample global supplies, including early European and Russian harvest forecasts, keep wheat and barley prices under pressure. Cheaper grain prices are pulling feed demand back from maize and soy.
ifa.ieMar 12, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
